The “Cosmetic Packaging Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Cosmetic Packaging Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global cosmetic packaging market size was US$ 26.9 billion in 2021. The global cosmetic packaging market is forecast to grow to US$ 37.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The cosmetic packaging industry is forecast to witness ample growth opportunities, owing to the growing demand for efficient cosmetic products all across the globe. Furthermore, the industry is witnessing diverse packaging needs from end-users. As a result, it will drive the global cosmetic packaging market forward.
Plastic packaging is forecast to gain significant traction, owing to its capability to retain liquid-solid and semisolid materials. Furthermore, the growing trend of personalized beauty products will drive the overall cosmetic packaging market forward.
Growing consumer awareness about personal grooming will fuel the growth of the market. In addition to that, poor dietary habits and the growing prevalence of skin and hair-related problems will upsurge the demand for cosmetics, thereby propelling the overall cosmetic packaging market forward.
The rising number of innovative and effective commercials and the contribution of e-commerce platforms will benefit the cosmetics packaging market. Furthermore, increasing demand for plant-based products will accelerate the growth of the global cosmetic packaging market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic has been a negative influence on the cosmetic packaging market due to the halt on public gathering activities. This global health emergency has been challenging for various economies. Governments imposed stringent regulations, restricting public gatherings and other events. As a result, it hampered the growth of the cosmetic packaging market. Furthermore, the negative influence on income further declined the demand for cosmetic products. Manufacturing units also observed several obstacles, which resulted in a substantial drop in the global cosmetics packaging market.
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Regional Analysis
The Asia-Pacific cosmetics packaging market is forecast to emerge as the largest market, owing to the growing popularity of cosmetics all across the region. In addition, the rising awareness about the aesthetics of the products will drive this regional cosmetics packaging market forward. The introduction of efficient plant-based products and customized products will also contribute to the growth of the market.
Competitors in the Market, Albea Group, HCP Packaging, Bemis Company Inc., RPC Group Plc, DS Smith, Graham Packaging Company, Silgan Holdings, Libo Cosmetics Company Ltd., AREMIX Packaging, AptarGroup Inc., Other Prominent Players.
Market Segmentation
The global cosmetic packaging market segmentation focuses on Material, Product, Cosmetic, and Region.
By Material Outlook
- Plastic
- Glass
- Metal
- Paper
By Product Type Outlook
- Plastic Bottles and Containers
- Glass Bottles and Containers
- Metal Containers
- Folding Cartons
- Others
- Corrugated Boxes
- Tubes and Sticks
- Caps and Closures
- Pump and Dispenser
- Droppers
- Ampoules
- Flexible Plastic Packaging
By Cosmetic Type Outlook
- Oral Care
- Hair Care
- Bath and Shower
- Color Cosmetics
- Skin Care
- Men’s Grooming
- Deodorants
- Other Cosmetic Types
- Fragrances
- Depilatories
- Baby & Child Care
- Sun Care
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By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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